greatdarkwing
11-28-2002, 08:45 PM
MAC ATTACK: FLEETWOOD MAC TOHIT THE ROAD AGAIN
New 40-Date Outing To Net Classic Act $30 Mil
November 20, 2002
In yet another astonishing story of the enduring
commercial power of classic-rock acts, Fleetwood Mac
will once again appear on stages across the country as
a result of an offer they just can’t refuse, according to
sources close to the action.
Word is that the as-yet-unconfirmed tour will be
promoted by Concerts West, which is guaranteeing the
band (which will perform without Christine McVie) some
$750k per night over 40 dates. The outing is reportedly
being planned by Lyndsay Buckingham manager Tony
Dimitriades, Stevie Nicks manager Howard Kaufman
and Mick Fleetwood manager Carl Stubner.
The tour going to Concerts West sends a $30 million
signal that Clear Channel concert-promotion arm Clear
Channel Entertainment is no longer pricing everyone out
of the market. Indeed, insiders say CCE exec Don Law is
under a mandate to control costs and is thus holding
back on the huge advances and guarantees that have
previously had other promoters crying foul. Concerts
West is said to have outbid CCE for the Fleetwood Mac
tour by $50-75k per date.
If CCE is indeed backing off, the door is now open for
promoters including Concerts West, House of Blues,
Mitch Slater’s Metropolitan and others to land big tours.
There’s also talk of two or more promoters forming a
consortium to mount multiple high-dollar tours
simultaneously.
All this takes place amid reports that Clear Channel has
been trying to sell CCE, which was put together from its
purchase of SFX and other concert assets. Clear
Channel denies these reports, but rumors persist that
the company recently enlisted Lehman Bros. to find a
buyer for the unit, but none materialized.
New 40-Date Outing To Net Classic Act $30 Mil
November 20, 2002
In yet another astonishing story of the enduring
commercial power of classic-rock acts, Fleetwood Mac
will once again appear on stages across the country as
a result of an offer they just can’t refuse, according to
sources close to the action.
Word is that the as-yet-unconfirmed tour will be
promoted by Concerts West, which is guaranteeing the
band (which will perform without Christine McVie) some
$750k per night over 40 dates. The outing is reportedly
being planned by Lyndsay Buckingham manager Tony
Dimitriades, Stevie Nicks manager Howard Kaufman
and Mick Fleetwood manager Carl Stubner.
The tour going to Concerts West sends a $30 million
signal that Clear Channel concert-promotion arm Clear
Channel Entertainment is no longer pricing everyone out
of the market. Indeed, insiders say CCE exec Don Law is
under a mandate to control costs and is thus holding
back on the huge advances and guarantees that have
previously had other promoters crying foul. Concerts
West is said to have outbid CCE for the Fleetwood Mac
tour by $50-75k per date.
If CCE is indeed backing off, the door is now open for
promoters including Concerts West, House of Blues,
Mitch Slater’s Metropolitan and others to land big tours.
There’s also talk of two or more promoters forming a
consortium to mount multiple high-dollar tours
simultaneously.
All this takes place amid reports that Clear Channel has
been trying to sell CCE, which was put together from its
purchase of SFX and other concert assets. Clear
Channel denies these reports, but rumors persist that
the company recently enlisted Lehman Bros. to find a
buyer for the unit, but none materialized.